Re:How America's universities became debt factories
by jackdaniel on Saturday September 14, 2024 @12:59PM
(#41541031)
I wonder why there's no mention of a free education as an alternative solution to the broken system
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Re:How America's universities became debt factories
by somerandomqaguy on Saturday September 14, 2024 @03:16PM
(#41542106)
Dunno if it's any better.
The competition then switches from spending direct financial resources to the university to spending financial resources to out compete other students vying for the same university. In China there's usually 1 seat per 50 candidates for good university spots, and the only thing that matters is your ranking in the entrance exams. It's not exactly uncommon for high school students to be spending 14 to 19 hours a day 7 days a week for 3 to 4 years preparing academically to win a spot.
Trading one bad situation for another one really.
Re:How America's universities became debt factories
by righthand on Saturday September 14, 2024 @07:58PM
(#41544039)
But on the other hand it would encourage other universities to build better programs. Who cares if it’s difficult to get into a good university. That’s already true without free tuition. Post-high school education already has marginal gains. Networking is a completely different story but one that isn’t affected by the cost of tuition.
Re:How America's universities became debt factories
by atomicnumber3 on Saturday September 14, 2024 @01:13PM
(#41541141)
I think in part because on the "buyer" side, there's often a problem of how to sort through 100 resumes for a position. Given that in any given pile of resumes, probably 70% are unqualified, filtering for "degree" is an easy way (though naturally not great, though how not great it is is hard to measure, which of course means we do it) to cut the work required in half or more.
Re:How America's universities became debt factories
by jackdaniel on Saturday September 14, 2024 @01:17PM
(#41541182)
Free education does not mean "no degrees", it means "funded from taxes/ by goverment".
Re:How America's universities became debt factories
by patrickmay on Saturday September 14, 2024 @02:49PM
(#41541937)
That's still not "free." Taxpayers are footing the bill, with the government taking its cut.
Re:How America's universities became debt factories
by ants_everywhere on Saturday September 14, 2024 @01:15PM
(#41541170)
Yeah I don't get why this isn't talked about more. It feels like one of those things in the 80s/90s during the free market fad where people decided that private loans would fix education and it ended up just disastrous.
Re:How America's universities became debt factories
by SpicyLemonZest on Saturday September 14, 2024 @02:58PM
(#41541999)
Many states do operate tuition-free programs for residents at their public colleges. But students with good grades often prefer to take a large amount of debt rather than go to the local state school, and it's not clear how you would go about changing that.
Re:How America's universities became debt factories
by penguin1029 on Saturday September 14, 2024 @03:44PM
(#41542289)
This. If you want education to be cheaper or free, you'll need to give up some amount of choice.
Most states in the US already have public university systems, but that isn't where most of the debt comes from.
Everyone wants to go to Harvard, Stanford, Princeton, etc.
Re:How America's universities became debt factories
by dwighttk on Saturday September 14, 2024 @01:07PM
(#41541100)
how does that help?
Re:How America's universities became debt factories
by jackdaniel on Saturday September 14, 2024 @01:15PM
(#41541168)
You don't have "an industry" that hikes prices, and there is a central authority without ulterior motive that has an influence over what is funded. Not to mention that you don't put young people into debt from get go.
Re:How America's universities became debt factories
by firejake308 on Saturday September 14, 2024 @01:44PM
(#41541433)
My understanding of a free education is one that is 100% paid for by the government, since someone still has to pay the professor's salary. In that case, you still have an issue of an industry that can demand increased prices (from the government, of course) if university enrollment suddenly increases (and I think it would if students didnt have to pay tuition). So I think you still have to figure out how to handle the market forces, but you're right that shifting the burden from the students to the government lets people start off their lives with less debt, which is a benefit of its own.
Re:How America's universities became debt factories
by grecy on Sunday September 15, 2024 @06:38AM
(#41546620)
Elementary and High Schools already solved all of this.
No need to over complicate things.